class=”sc-29f61514-0 dXbCZE”>
The previous highest rating of “AAA” was once again confirmed. The main reason for this is increased downside risk to US financial strength, Moody’s said.
It was stated that in an environment where interest rates are rising and effective measures are not taken to reduce government spending or increase revenues, the US deficit will likely remain very large. This will likely significantly weaken the solvency of the debt.
Moody’s is currently the only agency among the three major rating agencies that gives the United States the best rating. Fitch and S&P see the U.S. as one notch below prime, but each has a stable outlook. (SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
